Modest increase in April home sales in the Fraser Valley takes lead from cooler spring weather

SURREY, BC – Supply of available homes in the Fraser Valley market continued to build last month, however buyers remained relatively hesitant, leading to a cooler resale market in April.

The Fraser Valley Real Estate Board recorded 1,471 transactions on its Multiple Listings Service® (MLS®) in April, up 5 per cent from March, but off by 5 per cent compared to April 2023.

While sales were the third lowest recorded for an April in the last decade, inventory continues to build, reaching levels not seen since September 2020. Active listings were 7,313, up by 18 per cent over last month and 17 per cent above the 10-year average.

“We are seeing a…

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Inventory reaches highest level since the pandemic summer of 2020

VANCOUVER, BC – May 2, 2024 – Actively listed homes for sale on the MLS® in Metro Vancouver continued climbing in April, up 42 per cent year-over-year, breaching the 12,000 mark, a number not seen in the region since the summer of 2020.

Greater Vancouver REALTORS® (GVR) reports that residential sales in the region totalled 2,831 in April 2024, a 3.3 per cent increase from the 2,741 sales recorded in April 2023. This was 12.2 per cent below the 10-year seasonal average (3,223).

“It’s a feat to see inventory finally climb above 12,000. Many were predicting higher inventory levels would materialize quickly when the Bank of Canada began its aggressive rate hikes, but we’re only seeing…

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Canadian real GDP grew 0.2 per cent in February, following a 0.5 per cent increase in January. The growth was driven by services-producing sectors (+0.2 per cent), led by growth in rail, air, and pipeline transportation. Residential construction activity fell by 0.5 per cent, declining for the fourth consecutive month following a burst of activity in the summer and fall of 2023. Cooler home sales caused GDP from offices of real estate agents and brokers to fall 1.9 per cent last month, undoing some of the growth in December and January. Preliminary estimates suggest that output in the Canadian economy was essentially unchanged in March.


Amid cooling inflation and weakening labour markets, February's rather soft GDP report provides additional support…

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Welcome to Poole Creek, a hidden gem in the real estate world, where natural beauty meets vibrant community life. This neighborhood is becoming increasingly popular among those who seek a peaceful lifestyle without sacrificing accessibility to urban amenities. With its strategic location, diverse housing options, and promising market conditions, Poole Creek offers a unique opportunity for potential homebuyers and investors alike. In this article, we'll explore what makes Poole Creek such an appealing choice and how you can make the most of the opportunities available here.

Current Market Overview

The real estate market in Poole Creek is characterized by robust growth and resilience, reflecting broader economic trends and local developments. As new…

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Welcome to the promising world of Pemberton real estate, a burgeoning market nestled in the majestic mountains of British Columbia. As urban sprawl continues and more individuals and families seek retreats away from city bustle, Pemberton emerges as a compelling locale for both investors and homebuyers. With its pristine landscapes and a community-oriented lifestyle, it offers a perfect blend of tranquility and accessibility that is increasingly rare in today’s fast-paced world.

Pemberton's Location

Strategically positioned just north of Whistler and a scenic two-hour drive from Vancouver, Pemberton is more than just a location—it's a gateway to serenity. Its proximity to major transportation routes makes it accessible, yet it maintains a charming,…

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Welcome to Cedar Hills, a charming community nestled in the bustling cityscape. Known for its lush landscapes and vibrant culture, Cedar Hills offers residents and visitors a unique blend of urban convenience and serene nature. Join us as we uncover the myriad attractions and hidden spots in this picturesque neighborhood.

Where is Cedar Hills?

Located just a few miles from the city center, Cedar Hills boasts an enviable position that combines easy access to downtown amenities with the tranquility of suburban living. This area is easily accessible by major highways and public transport, making it a perfect spot for commuters and families alike.

A Brief History of Cedar Hills

The history of Cedar Hills is as rich and colorful as its landscape.…

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Welcome to Guildford, a vibrant neighborhood nestled in the heart of Vancouver that offers a unique blend of urban convenience and serene suburban lifestyle. This article will take you on a journey through the picturesque streets of Guildford, exploring its rich history, thriving real estate market, and the community life that makes it a desirable place for both residents and investors alike.

Discovering Guildford

The Geography of Guildford

Located strategically with easy access to downtown Vancouver, Guildford is surrounded by lush greenery and boasts several parks and natural reserves. Its geographic layout fosters a close-knit community atmosphere while still providing the benefits of city living.

Historical Background

Guildford's…

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